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MAR, REMIT

Post on MAR and surveillance

There are less than 2 months to go until the Market Abuse Regulation(MAR) goes into effect, on the 3rd July 2016. MAR contains several anti abuse provisions against the use of inside information and manipulation of on-venue financial instruments, as well as OTC derivatives and spot commodities that may influence their prices. It also has a requirement for many to run effective monitoring of trading activity, amongst other things. Such monitoring  can take place via process, technology and training, or an appropriate combination.

This post on the Broadpeak Partners website provides a few thoughts on how on approach the requirements. It talks about the importance of solid policies and procedures and considers a few basic approaches to surveillance.

The sending of data to regulators  under REMIT, and start  of MAR, increase the importance of effective monitoring for energy and commodity market participants. The next weeks and months are likely to see an increased focus on this area.

About avivhandler

Aviv is the Managing Director of ETR Advisory, a niche consultancy focused on the regulation of the commodity, energy and financial markets. He has more than 23 years of experience in the financial, energy and commodity markets, covering regulatory compliance, credit, risk and financial technology. Prior to founding ETR, he was Partner at SunGard Global Services, where he built a Centre of Excellence in European Energy and Commodity Regulation. Before that, he founded Coherence, a consulting firm specializing in credit risk in commodity and energy trading as well as software product management. The credit practice ultimately became part of Sirius Solutions, where he was the Managing Director of Europe. He has also held management roles at KWI and Iris Financial, among other organizations. Mr. Handler holds a degree in computer science from Imperial College, University of London.

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